We explore some recent, and not so recent, developments concerning the use of probability forecasts and their combination in decision making. Despite these advances, challenges still exist. We expand on some important challenges influencing the “goodness” of combined probability forecasts...

Probability forecasts of binary events are often gathered from multiple models and averaged to provide inputs regarding uncertainty in important decision-making problems. Averages of well calibrated probabilities are underconfident, and methods have been proposed to make them more extreme. To...

We study the problem of forecasting a time series that evolves according to a dynamically changing, skewed life cycle. For instance, firms often need accurate distributional forecasts of product life cycles to make operational decisions about capacity and inventory management. These forecasts...

This case looks into how to effectively engage audiences through social media marketing. Specifically, the case addresses how entrepreneurs can use Twitter to generate community awareness through tweets and retweets. It also provides information about Twitter's history, format, and publicly...

This case, which has been taught successfully in a Darden online class, allows for an introductory application of the Tableau analytics platform. In 2012, Carvana Co., an e-commerce platform for buying used cars, hosted a competition called "Don't Get Kicked!" wherein 570 teams competed to...

Overview of the data mining process -- Data visualization -- Dimension reduction -- Evaluating predictive performance -- Multiple linear regression -- k-Nearest Neighbors (kNN) -- The Naive Bayes classifier -- Classification and regression trees -- Logistic regression -- Neural nets --...